Justice Department approaches states to block AT&T-Time Warner deal: source
WASHINGTON (Reuters) – The U.S. Justice Department has approached state attorneys general to try to win their support for a bid to block telecommunications powerhouse AT&T Inc’s $85.4 billion deal to buy media and entertainment company Time Warner Inc, a person briefed on the matter told Reuters on Wednesday.
Target shares sink as promotions darken holiday outlook
(Reuters) – Target Corp’s profit forecast for the key holiday quarter fell short of analyst expectations, sending its shares down nearly 10 percent, as the retailer continues to cut prices and invest in its delivery options to attract more customers.
Wall Street falls as oil slide, tax bill concerns weigh
(Reuters) – U.S. stocks fell on Wednesday, with the Dow Jones index shedding more than 100 points as a slide in oil prices and concerns about the fate of U.S. tax cuts weighed on the mood.
Amazon unveils more Whole Foods price cuts ahead of Thanksgiving
(Reuters) – Amazon.com Inc on Wednesday unveiled more discounts on several grocery products at Whole Foods Market, days ahead of the Thanksgiving holiday, sending stocks of rival U.S. grocers lower in early trading.
Tesla says it will fight lawsuit claiming racial discrimination
(Reuters) – Tesla Inc said on Wednesday it would fight a class-action lawsuit filed against it earlier this week claiming the electric automaker’s California production plant was a “hotbed for racist behavior.”
Volkswagen and unions reject accusations over works council payments
FRANKFURT/BERLIN (Reuters) – Volkswagen and its unions on Wednesday rebuffed accusations that the carmaker’s top labor representative has been overpaid, seeking to calm the waves a day after prosecutors and tax investigators raided the offices of seni…
Biggest deal yet for Airbus as Franke ups bet on budget airlines
DUBAI (Reuters) – Airbus landed its biggest ever airliner deal on Wednesday with an agreement to sell 430 planes worth up to $50 billion to U.S. budget airlines investor Bill Franke.
U.S. investor Cerberus takes 3 percent stake in Deutsche Bank
FRANKFURT (Reuters) – U.S. buyout fund Cerberus [CBS.UL] has taken a 3 percent stake in Deutsche Bank , Germany’s flagship lender said on Wednesday, making the fund one of its largest shareholders.
Global stocks set for longest run of losses since March, euro shines
LONDON (Reuters) – World stocks were set for their longest losing streak in more than six months on Wednesday as weaker commodities weighed, while the euro hit its highest levels in three weeks.
Target’s holiday-quarter profit forecast disappoints, shares dip
(Reuters) – Target Corp issued a disappointing profit forecast for the key holiday quarter as it continues to depend on price cuts to drive traffic to its stores and online, sending its shares down 4 percent in premarket trading.
